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Daily Digest – October 3. Collector Not Obligated to Notify Creditor of Dispute; Legal Challenges to Student Loan Debt Cancellation Plan Launched

Account Recovery

COLLECTOR NOT OBLIGATED TO NOTIFY CREDITOR OF DISPUTE A judge in Oklahoma has granted a motion to dismiss, ruling the defendant was not obligated under the Fair Debt Collection Practices Act to notify the original creditor that a debt was being disputed.

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The Ripple Effect of Student Loan Defaults: What Creditors Should Be Watching in 2025

Optio Solutions

Student loan repayments are backand the ripple effect is real. As borrowers juggle renewed obligations, creditors across all sectors could see rising delinquency. Heres what to watch for in 2025 The post The Ripple Effect of Student Loan Defaults: What Creditors Should Be Watching in 2025 first appeared on Optio.

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Judge Dismisses FDCPA Claims in Long-Running Student Loan Case

Account Recovery

The background: The case stems from a series of private student loans taken out by one of the plaintiffs between 2003 and 2007 to attend college, with the other plaintiff — his father — co-signing for the loans.

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Compliance Digest – May 27

Account Recovery

After sifting through it all, it appears that the plaintiff in this case is taking the position that the student loan debt at issue should be discharged because the loan was not made from a bona fide nonprofit institution and because the loan exceeded the costs of her higher education attendance. More details here.

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Millions of Student Loans in Debt Collection, How Did We Get Here?

True Accord

Youve seen the headlines the federal government last week resumed collecting defaulted student loan payments from millions of people for the first time since the start of the pandemic. How did we get to this point where so many people with student loans are unable to make payments on them? for non-student loan holders.

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Chapter 13 Bankruptcy and Student Loans

Sawin & Shea

Student loan debt can be crippling. Trying to put money towards a house or a car, as well as paying all of your other bills on top of student loan debt, is often exhausting and can sometimes feel impossible. In America alone, the average student loan debt in 2021 comes to around $1.7

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Daily Digest – June 14. Collector Facing FDCPA Class Action for Including Creditor Name in ‘Large, Bold Capital Letters’ in Letter; Judge Certifies Class Action in FDCPA Case Over Hurricane Grants

Account Recovery

Collector Facing FDCPA Class Action for Including Creditor Name in ‘Large, Bold Capital Letters’ in Letter Judge Certifies Class Action in FDCPA Case Over Hurricane Grants Senate Republicans Introduce Bill to Change CFPB Funding Source Public Prefers Medical Debt Forgiveness to Student Loan Debt Forgiveness: Poll WORTH NOTING: You can now get your (..)

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